Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows
$ in Thousands
 12 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
OPERATING ACTIVITIES:    
Loss from continuing operations, net of tax $ (3,328) $ (21,596)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign transaction loss 286 635
Depreciation 54 148
Fair value revision of contingent consideration payable 0 (1,888)
Accretion expense of contingent consideration payable 0 36
Loss on investment in securities 587 15,087
(Gain) loss on disposal of assets (2,514) 316
Exploration costs previously capitalized 0 20
Stock compensation expense 701 892
Net changes in operating assets and liabilities:    
Accounts receivable 28 (5)
Inventories 0 (39)
Prepayments and other current assets 286 (63)
Accounts payable and accrued liabilities 1,744 (136)
Net cash used in operating activities of continuing operations (2,156) (6,593)
INVESTING ACTIVITIES:    
Additions to property and equipment (1) (3)
Proceeds from sale of bonus rights 2,514 0
Proceeds from sale of securities 2,595 21
Net cash provided by investing activities of continuing operations 5,108 18
FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net 0 115
Purchase of common stock (11) (566)
Purchase of stock options 0 (983)
Payment of cash in lieu of fractional shares in one share for eight shares reverse stock split (6) 0
Payment of preferred stock dividend 0 (859)
Deferred financing costs, net (28) (150)
Short-term debt issuances 625 0
Payments on notes payable (195) 0
Long-term debt issuances 0 5,500
Capital contributions by non-controlling interest included in discontinued operations 0 147
Net cash provided by financing activities 385 3,204
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Net cash used in operating activities of discontinued operations (2,130) (1,972)
Net cash used in investing activities of discontinued operations (180) (9,347)
Net cash used in operating and investing activities of discontinued operations (2,310) (11,319)
Effect of exchange rate changes on cash and cash equivalents (116) (661)
Net increase (decrease) in cash and cash equivalents 911 (15,351)
Cash and cash equivalents at beginning of period 769 16,120
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,680 769
Supplemental disclosure of cash flow information:    
Cash paid for interest of discontinued operations 7 18
Cash paid for interest of discontinued operations 269 84
Cash received for interest (3) (20)
Cash paid for income taxes 0 0
Supplemental schedule of non-cash investing and financing activities:    
Unrealized holding loss and foreign currency translation loss on securities available-for-sale (282) (7,684)
Adjustment of preferred stock to redemption value (4,206) 0
Preferred stock dividends paid in kind 1,858 1,311
Increase in both accrued and other liabilities and prepaid and other assets related to Sopak 107 105
Purchase of insurance policies financed with notes payable 353 0
Change in accounts payable and accrued liabilities related to property and equipment of discontinued operations 17 (1,017)
Property contributed for capital and deferred capital contribution of non-controlling interest included in discontinued operations 0 200
Accrued capital contributions of non-controlling interest included in discontinued operations $ 0 $ 168
Reverse stock split (usd per share) 0.125